SEC Struggles to Gauge Risk Without Raters Post Dodd-Frank: One Year Later

Loeb & Loeb LLP is noted and Stephen Cohen is quoted on impacts to broker-dealers of the SEC's decision to strip the use of credit ratings from agency rules. Specifically, he comments on the SEC's charge to broker-dealers to figure out their own measures for creditworthiness when tallying their required reserves, a proposal that may produce varying determinations among small brokers and big operations.